Treasury Official Massad to Step Down

Assistant Secretary Is Being Considered for CFTC Chairman Role

By

Michael R. Crittenden

Updated Oct. 4, 2013 4:46 p.m. ET

WASHINGTON—Timothy Massad, who has overseen the Treasury Department's bank-rescue program for the past three years, will step down as assistant secretary for financial stability, a Treasury official said.

The departure of Mr. Massad, who runs the Troubled Asset Relief Program for the Obama administration, comes as he's being considered to succeed Gary Gensler as chairman of the Commodity Futures Trading Commission, according to people...